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{{propApi.successMessage}} {{region}} Change locationHIA welcomes strong uptake for HDA applications (NSW)
HIA welcomes strong uptake for HDA applications (NSW)
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“The early success of the EOI process demonstrates that the housing industry is eager to move forward with bigger projects that can side-step the slow council approval system,” said Brad Armitage HIA Executive Director NSW.
“The influx of EOI applications shows that there are many viable housing projects out there and is evidence that the housing industry needs to have more flexible, faster approval pathways. The more approvals we can shift away from councils, the more new homes we can build.
“There are also steps that can be taken to ease up the backlog for lower density housing approvals in council, by increasing complying development. HIA is a great advocate for complying development pathways to speed-up planning approvals, saving money, and improving affordability for new home buyers.
“HIA stands ready to work with the NSW Government on improving the approach to housing approvals so that the industry can move forward and build more homes,” concluded Mr Armitage.
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Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.
Sales in April rose after first cut in February
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Home building to rebound with interest rate cuts but long-term challenges remain
The number of homes commencing construction in Australia is set to increase over the next few years, driven by strong population growth, low unemployment, and falling interest rates. However, long-term structural issues continue to pose risks to housing affordability and national supply targets, according to the latest outlook from the Housing Industry Association.
More land supply to help Tasmania get back on track
HIA has been calling loudly on the State Government to release more land for new housing, as it is a fundamental element in delivering new homes and supporting housing affordability.